Sovereignty and Globalisation - Are nations' political and economic sovereignty threatened by the forces of globalisation?

Essay from the year 2007 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: Distinction, Macquarie University, course: IRPG 849 International Political Economy, language: English, abstract: This paper argues that although globalisation alters the political and economical sovereignty of states, the concept of sovereign nations is far from being out of date. In order to support this thesis, arguments both for and against economic globalisation causing the dwindling of state sovereignty will be applied consecutively. Explanatory, special focus will be put on transnational corporations, global finance and international organisations as prominent economic features of globalisation. Emanating from a realist perspective, the paper will point out examples of how nations oppose unintended erosion of sovereignty.